Carnival Co. & (NYSE:CCL) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Carnival Co. & (NYSE:CCL) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other brokerages have also issued reports on CCL. Barclays decreased their target price on shares of Carnival Co. & from $32.00 to $26.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 22nd. Citigroup reduced their price target on Carnival Co. & from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Monday, March 24th. Morgan Stanley upgraded Carnival Co. & from an “underweight” rating to an “equal weight” rating and cut their target price for the company from $25.00 to $21.00 in a research report on Thursday, April 10th. Stifel Nicolaus raised their price target on Carnival Co. & from $30.00 to $31.00 and gave the stock a “buy” rating in a research report on Monday, March 24th. Finally, Truist Financial upped their price objective on shares of Carnival Co. & from $29.00 to $30.00 and gave the stock a “hold” rating in a research report on Friday, January 24th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $26.53.

Carnival Co. & Price Performance

Carnival Co. & stock opened at $19.54 on Tuesday. The company has a market capitalization of $22.80 billion, a price-to-earnings ratio of 14.06, a PEG ratio of 0.73 and a beta of 2.50. The stock’s 50 day moving average is $19.38 and its 200-day moving average is $23.01. The company has a current ratio of 0.29, a quick ratio of 0.25 and a debt-to-equity ratio of 2.80. Carnival Co. & has a 12 month low of $13.78 and a 12 month high of $28.72.

Carnival Co. & (NYSE:CCL) last posted its quarterly earnings data on Friday, March 21st. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.11. The firm had revenue of $5.81 billion for the quarter, compared to analysts’ expectations of $5.74 billion. Carnival Co. & had a return on equity of 24.13% and a net margin of 7.66%. The company’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter last year, the business earned ($0.14) EPS. Equities research analysts expect that Carnival Co. & will post 1.77 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CCL. Vanguard Group Inc. raised its position in Carnival Co. & by 4.0% in the fourth quarter. Vanguard Group Inc. now owns 117,095,566 shares of the company’s stock valued at $2,918,022,000 after purchasing an additional 4,458,329 shares during the last quarter. Geode Capital Management LLC raised its holdings in Carnival Co. & by 5.0% in the 4th quarter. Geode Capital Management LLC now owns 25,228,416 shares of the company’s stock valued at $627,053,000 after buying an additional 1,201,256 shares during the last quarter. Nuveen Asset Management LLC boosted its position in Carnival Co. & by 33.7% during the 4th quarter. Nuveen Asset Management LLC now owns 22,850,042 shares of the company’s stock worth $569,423,000 after buying an additional 5,761,489 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Carnival Co. & by 4.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 18,649,543 shares of the company’s stock worth $464,747,000 after acquiring an additional 877,694 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in Carnival Co. & by 17.7% in the 4th quarter. Renaissance Technologies LLC now owns 18,097,001 shares of the company’s stock valued at $450,977,000 after acquiring an additional 2,720,096 shares during the period. 67.19% of the stock is currently owned by institutional investors and hedge funds.

About Carnival Co. &

Carnival Corp. engages in the operation of cruise ships. It operates through the following business segments: North America and Australia (NAA) Cruise, Europe and Asia (EA) Cruise Operations, Cruise Support, and Tour and Others. The North America and Australia (NAA) Cruise segment includes the Carnival Cruise Line, Holland America Line, Princess Cruises, and Seabourn.